November 7, 2003

Favorite IRS Form

If someone asks you "What's your favorite IRS form?" it's good to have an answer to that question. Be prepared, I say. Here's my suggestion for a favorite IRS form:

Electronic Deposit of Tax Refund of $1 Million or MoreGeneral InstructionsPurpose of Form
File Form 8302 to request that the IRS electronically deposit a tax refund of $1 million or more directly into an account at any U.S. bank or other financial institution (such as a mutual fund, credit union, or brokerage firm) that accepts electronic deposits. The benefits of an electronic deposit include a faster refund, the added security of a paperless payment, and the savings of tax dollars associated with the reduced processing costs.

So adjust your withholding, kiddies and you, too, could be lucky enough to use form 8302!
[ ..: Available from the IRS in PDF format. Link suggested by JimC :.. ]Posted by James at November 7, 2003 2:05 PM